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Release: Index of Services, May 2013

Released: 25 July 2013 Next edition: 23 August 2013

Contact

Robert Doody

Business Indicators and Balance of Payments

Ios.enquiries@ons.gsi.gov.uk

Telephone: +44 (0)1633 455803

Categories: Economy, National Accounts, National Income, Expenditure and Output

Frequency of release: Monthly

Language: English

Geographical coverage: UK

Geographical breakdown: UK

  • Users are reminded that the figures within this release are estimates and are on a seasonally adjusted basis.
  • The Index of Services increased by 1.5% in May 2013 compared with May 2012. All of the components of the services industries increased in the most recent month compared with the same month a year ago.
  • The largest contributions came from distribution, hotels & restaurants, which contributed 0.6 percentage points (pp) of growth to the index, and government & other services, which contributed 0.4 pp to total growth.
  • May 2013 had a normal pattern of holidays, following the changes to Bank Holidays for the Queen's Diamond Jubilee in 2012, which meant May 2012 had one more working day than usual. Users should therefore show caution when interpreting the annual changes to May 2013.
  • The latest Index of Services estimates show that output increased by 0.2% between April 2013 and May 2013, following a 0.3% increase between March 2013 and April 2013.
  • The earliest period open for revision in this release is April 2013. Data in this release are consistent with the Gross Domestic Product Preliminary Estimate, Q2 2013 published on 25 July 2013.
Shows the monthly movements in gross value added for the service industries, which overall account for around 78% of UK Gross Domestic Product (GDP).
Content from the Office for National Statistics.
© Crown Copyright applies unless otherwise stated.